XAUUSD Still Has SELL Potential: HOLDING at Resistance Area! ~ 90% Rebate Exness Everyday

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XAUUSD Still Has SELL Potential: HOLDING at Resistance Area!

XAUUSD Analysis

Market Awaits Fed Decision

Gold remains under pressure ahead of the Federal Reserve’s interest rate decision. The Fed is expected to cut interest rates by 25 basis points this time, but the market anticipates that further rate cuts may not be on the table.

Stuck Below Resistance

The price is still holding below the resistance area. A confirmation for a sell signal can be looked for if a pullback occurs toward this resistance zone.

Prediction: WEAK XAUUSD

Trade Plan

SELL AREA: 2643.03 - 2652.32
STOP LOSS: 2663.58
TAKE PROFIT 1: 2631.98
TAKE PROFIT 2: 2615.06
TAKE PROFIT 3: 2599.02